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Australia investigates resilience
The Reserve Bank of Australia has published a series of draft papers presented at its conference on the structure and resilience of the financial system, which took place on 20 and 21 August.
Basel II needs risk culture to work - Kenyan chief
Njuguna Ndung'u, the governor of the Central Bank of Kenya, said that east African commercial banks need to adopt sound risk management practices before the region's central banks can implement the Basel II accord.
China to pursue private equity, despite losses
Jesse Wang, vice chairman of the People's Bank of China's investment arm Central Huijin, defended the central bank's investment in Blackstone and said he would continue to recommend investment in private equity funds.
Bahamas steps up supervision
The Central Bank of The Bahamas has asked resident commercial banks to submit group organisational charts in order to comply with the Basel core principles for effective banking supervision.
Swiss chairman criticises US subprime
Jean-Pierre Roth, the chairman of the Swiss National Bank described the US subprime crisis as "unbelievable" and said that reality was "striking back"
Bank of England joins the fray with emergency loan
In what represents its first unusual market intervention during the current spell of market volatility, the Bank of England lent £314 million ($622 million) today to an unnamed financial institution through its standing facility.
Gono denies parallel trading by central bank
Gideon Gono, the governor of the Reserve Bank of Zimbabwe, has denied reports that the central bank is tapping unofficial currency markets in search of foreign currency, notably dollar and South African rand.
Bank Indonesia changes loan regulations
Bank Indonesia, the country's central bank, has announced new limits the type and amount of corporate bonds which commercial banks can classify as "loans" in their official loan-to-deposit ratio (LDR) calculations.
Czech deputy sees "significant" rate rise
The Czech central bank should raise rates "significantly" to keep inflation on target, says Ludek Niedermayer, the Czech central bank's deputy governor.
Ecuadorian board member seen as president's ally
Ecuador's congress has named Miguel Ruiz, who is seen as an ally of the country's leftist president, to the central bank's board boosting his influence over an institution he has vowed to strip of its independence.
Market optimism fades after Fed action
After the rally in US equity market of Friday continued in Asian and European markets after the weekend, Wall Street indexes were firmly back in the red by mid-day on Monday.
Nigeria's strategy for the new naira
Charles Soludo, the governor of the Central bank of Nigeria, sets out plans for the currency redenomination.
ECB publishes "Blue Book"
The 2007 edition of the Blue Book, which describes the main payment and securities settlement systems in the EU, comes in two volumes: one on countries in the euro area, the other for non-euro area countries.
RBA's Stevens testifies to lawmakers
The Reserve Bank of Australia's governor, Glenn Stevens, and three senior officials were grilled on the impact of subprime, models used for forecasting and the prospects interest rates in an election year at this House of Representatives hearing.
Bank of Canada Review - Summer 2007
The central bank's quarterly publication features three articles on labour supply, productivity and competition in the banking sector, respectively.
Bank of Estonia - Annual Report 2006
Estonia is highly unlikely to meet the Maastricht inflation criterion in 2007-09, notes the governor of Estonia's central bank in the annual report for 2006, but "we should maintain readiness to adopt the euro at the first opportunity," he says.
The costs of being wrong about policy lags
This paper from an economist at the University of Oregon examines the losses associated with conducting monetary policy.
Virtual bank collapse spurs calls for regulation
The failure of a bank that exists only in cyberspace has raised awareness of the lack of real world supervision to protect online investors.
Independence nothing new - Jamaican governor
Local media reports the governor of the Bank of Jamaica, Derek Lati-beaudiere, played down plans from the Jamaica Labour Party, the country's main opposition party, for an independent central bank.
UK regulator revamps enforcement division
The Financial Services Authority (FSA), the UK industry regulator, will offload a third of staff from its enforcement division as part of its shift from a rules to a principles-based regulatory framework.
Japan injects 1.2 trillion as Nikkei falls 5.4%
The Bank of Japan lent 1.2 trillion ($10.5 billion) to the markets Friday after draining 2 trillion Wednesday. The central bank's injection was made as market concerns over liquidity took the overnight lending rate above the central bank's 0.5% target.
Poole replaced on Fed policy vote
In a surprise development, William Poole, the president of the St Louis Federal Reserve, did not vote on the Federal Open Market Committee (FOMC) policy announcement on recent market volatility.
Sri Lankan governor on poverty and inequality
Aijith Nivard Cabraal, the governor of the Central Bank of Sri Lanka, said that poverty and equality "are often the root causes of political, economic and social upheaval, tension and revolution."
Canada investigates inflation, wages and growth
A new working paper published by the Bank of Canada looks at the relationship between steady-state costs of inflation in a general equilibrium model, output growth and staggered nominal price and wage contracts.